Regarding calculation of fund unit values for “Government bond fund” and “International equity fund of funds”.

Liquidating open-end fund “Government bond fund” and liquidating open-end fund
“International equity fund of funds” (hereinafter - Funds) liquidator IPAS
“Invalda Asset Management Latvia” (hereinafter - 
Liquidator) announces that due to the fact that during Fund liquidation the
Liquidator of the funds does not realize emissions and redemptions of fund
units, Liquidator has decided as from 19^th of January 2009 to determine the
fund unit values, fund net asset values and fund liabilities values once in a
calendar month with Liquidator to carry out calculations in the last day of
calendar month on the basis of regulations which are determined in legislation
and fund prospectus. 

On the basis of determined values Liquidator will calculate and detain
remuneration to custodian bank in a size and time described in custodian bank
agreement, also will include information about these values within monthly fund
liquidation reports which will be submitted to The Financial and Capital Market
Commission.